Year-End Odds & Ends
Its no surprise that Eliot Spitzer is running for governor. New Yorks crusading attorney general has had his eye on the prize for a long time, and the recent declaration of his candidacy was only a formality. The question now is how much publicity will he squeeze out of his latest reform targetthe insurance industryto keep his name in the headlines as he raises millions for his war chest?
Meanwhile, Marsh is moving quickly to put an end to its misery, hoping to reach a settlement of the civil suit filed by Mr. Spitzer accusing the worlds largest brokerage of bid-rigging and contingency fee abuse. The funny thing is that the key player who must sign off on any dealthe new head honcho at Marsh & McLennan Companies, Michael Cherkaskywas Mr. Spitzers boss when they worked together for Manhattan District Attorney Robert Morgenthau.
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